On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,800,000 in cash. The book values and fair values of Barneys assets and liabilities were as follows:

	Book Value			Fair Value
Current assets	$	6,800,000		$	8,300,000
Property, plant, and equipment		11,800,000			14,800,000
Other assets		1,080,000			1,580,000
Current liabilities		4,800,000			4,800,000
Long-term liabilities		6,800,000			6,300,000

Required: Calculate the amount paid for goodwill.